US President Donald Trump said he would reduce the 50-day deadline he gave Russian leader Vladimir Putin to reach a ceasefire with Ukraine, saying he was disappointed with his counterpart over the ongoing war. "I'm disappointed with President Putin, very disappointed with him. So, we'll have to see, and I'll reduce the 50 days I gave him to a shorter time," Trump told reporters in Scotland on Monday as he welcomed British Prime Minister Keir Starmer for a meeting. Trump earlier this month issued a 50-day deadline and threatened severe economic sanctions against Russia if it did not end...
Oil prices rose on Tuesday as investors awaited the outcome of U.S.-China trade talks and as Saudi Arabia's crude supplies to China were set to drop slightly. Brent crude futures rose 34 cents, or 0.5%, to $67.38 a barrel by 1045 GMT. U.S. West Texas Intermediate crude futures rose 33 cents, or 0.5%, to $65.62. Brent had risen to $67.19 on Monday, its highest since April 28, supported by the prospect of a U.S.-China trade deal. U.S.-China trade talks are set to continue for a second day in London as top officials aim to defuse tensions that have flared over tariffs and rare earth...
EUR/USD is trading slightly lower on Tuesday (6/10). The pair has dropped to just below 1.1400 at the time of writing, still within the range of the past few days, with investors reluctant to place any major directional bets as US and Chinese representatives continue to discuss trade issues. Positive statements from some officials, namely US President Donald Trump's assertion that he got a "good report" from the meeting, have helped keep market sentiment buoyant and have provided some support to the US Dollar (USD). However, traders are likely to remain on the sidelines, waiting for news...
The U.S. dollar strengthened on Tuesday as talks between Beijing and Washington continued for a second day, raising investor hopes of an easing in trade tensions, while sterling fell as U.K. jobs data showed a weaker labor market. Officials from the world's two largest economies are meeting in London to try to defuse a dispute that has widened from tariffs to restrictions on rare earths. "Unlike the Geneva talks (held in May), where tariff relief provided an easy win, the London talks are now tackling thornier issues such as export controls on chips, rare earths and student visas," said...
The pound (GBP) faced sharp selling pressure against other currencies on Tuesday (10/6) after the UK Office for National Statistics (ONS) reported that the labour market contracted in the three months to April. The data showed that the economy added 89,000 new jobs, down from the 112,000 seen in the quarter ended March. The ILO Unemployment Rate rose to 4.6%, as expected, from the previous reading of 4.5%. This is the highest unemployment rate seen since July 2021. Slower job growth in the UK reflects the impact of increased employer contributions to social security schemes. UK Chancellor...
The US dollar was virtually flat against the Swiss franc on Tuesday (6/10). The pair hesitated above 0.8200, in the middle of a two-week trading range, with investors watching from the sidelines, awaiting news from the US-China trade negotiations. The world's two leading economies are expected to resume their talks for a second day, aimed at ironing out differences on thorny issues such as rare earths or chip trade, as their respective economies begin to show the scars of their tough tariff policies. Comments from US President Donald Trump, highlighting positive reports received from US...
China's official NBS Manufacturing PMI increased to 49.7 in June 2025 from May's 49.5, matching market expectations while marking the third consecutive month of contraction in factory activity.
It...
Both the STOXX 50 and STOXX 600 hovered around the flatline on Friday, as investors adopted a cautious stance ahead of further developments in trade talks between US President Trump and Chinese...
The United States and European Union have reached a landmark trade agreement that includes a 15% tariff on EU goods entering the U.S., President Donald Trump announced Sunday while in Scotland.
The...